Pradhan Mantri Garib Kalyan Deposit Scheme 2016.
MINISTRY OF FINANCE
(Department of Economic Affairs)
New Delhi, the 16th December , 2016
S.O. 4061(E).—In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Act), the Central Government in consultation with the Reserve Bank of India hereby notifies the following Scheme, namely:—
1. Short title, commencement and application.—
(1) This Scheme may be called the Pradhan Mantri Garib Kalyan Deposit Scheme 2016.
(2) It shall come into force from the 17th day of December, 2016 and shall be valid till 31st day of March, 2017.
(3) This Scheme shall be applicable to every declarant under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
2. Eligibility for Deposits.—The deposit under this Scheme shall be made by any person who intends to declare undisclosed income under sub-section (1) of section 199C of the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
Download Complete Notification on Pradhan Mantri Garib Kalyan Deposit Scheme 2016.
New Taxation Bill to tax undisclosed income introduced in Lok Sabha by India -PMGKY -Govt Press Release 28.11.2016